YEREVAN (CoinChapter.com) — Jack Dorsey, co-founder and former CEO of Twitter (now X), made a subtle yet bold statement by attending the Super Bowl 2024. The tech entrepreneur, who now leads financial platform Square, wore a T-shirt emblazoned with “SATOSHI,” a nod to Satoshi Nakamoto, the pseudonymous creator of Bitcoin (BTC). This gesture, seemingly benign, has angered supporters of Craig Wright.
However, most in the cryptocurrency industry appreciated Dorsey’s move as it brought crypto to the Super Bowl again. Given his popularity, the cameras were sure to focus on him, thus inevitably flashing SATOSHI all over TV networks.
Why are Craig Wright Fans Angry at Jack Dorsey?
Dorsey’s move carries weight in the crypto community, particularly against the ongoing legal drama involving Craig Wright, an Australian computer scientist who claims to be Satoshi Nakamoto. Wright’s assertion has always been contentious. However, it is currently the subject of litigation in London.
Crypto Open Patent Alliance (COPA) has filed a lawsuit seeking “declaratory relief and related injunctive relief about the Bitcoin White Paper.” COPA is asking the court to rule that Wright is not Satoshi.
The suit became necessary after the Australian Satoshi impersonator filed several suits against crypto developers and companies to assert his ownership of the Bitcoin White Paper.
Notably, Dorsey is allegedly a principal financier of COPA and the lawsuit against Wright. This has fueled the ire of Wright’s supporters, who see Dorsey’s Super Bowl appearance as a pointed statement amidst the legal battle.
No official crypto ads during Super Bowl 2024
For the second year, the 2024 Super Bowl event was marked by a noticeable absence of cryptocurrency advertisements.
The 2022 Super Bowl earned the moniker “Crypto Bowl” due to the plethora of cryptocurrency firms that purchased advertising slots during the event. Prominent names in the crypto industry, such as Coinbase, Crypto.com, eToro, and notably FTX, featured their commercials amidst the game’s excitement.
In 2023, some cryptocurrency firms had also allegedly secured spots for commercials this year. However, following the collapse and subsequent bankruptcy declaration of FTX and the indictment of its CEO, Sam Bankman-Fried, they withdrew their commitments.
This year, as the Kansas City Chefs beat San Francisco 49ers 25-22 overtime, Super Bowl fans had to satisfy their expectations of a crypto ad with Jack Dorsey and his Satoshi T-shirt.
Despite the recent approval of spot Bitcoin ETF by the Securities and Exchange Commission (SEC), the asset class didn’t make it to the popular event.
Instead, cryptocurrency firms focus on funding the 2024 US Presidential elections and other lobbying activities. Meanwhile, others do not want to concentrate their resources on a US-centric event.
